U.S. Parents Spend $500 Billion Annually on Adult Children

October 7, 2018

Maggie Callahan

Parents in the U.S. spend a staggering $500 billion annually on their adult children — twice the amount they put into retirement savings, a new Merrill Lynch study shows. Of all the stages of parenting, the empty-nest stage — when kids are over 18 — is the most expensive.